Civil Matter - RERA

Asked in Real estate

  • ***d

    Bangalore

Expert's Answers(2)

  • Advocate Gowaal

    Mumbai, Maharashtra
      2 Client Ratings

    This is my response to you: 1. As per your state provision of RERA act you can collect money; 2. As per section*Phone*A promoter shall not accept a sum more than ten per cent of the cost of the apartment, plot, or building as the case may be, as an advance payment or an application fee, from a person without first entering into a written agreement for sale with such person and register the said agreement for sale, under any law for the time being in force. 3. You can check the website: https://rera.karnataka.gov.in/downloadPage

    August 2, 2018
  • Advocate N Karthikkanna

    Madurai, Tamil Nadu
      60 Client Ratings

    Yes u can.. preferably as a token advance which may then account to sale consideration amount

    August 2, 2018